Word: 1980s
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Since the early 1980s, with the exception of that brief downturn during the recession of 1990-91, consumer spending in the U.S. has risen every quarter. Over that period, our pocketbooks have come to commandeer an ever greater portion of the economy, from 62% of gross domestic product (GDP) in 1981 to 70% now. Spending by U.S. consumers accounts for 19% of global economic activity...
...call for the program to be shut down amidst a corruption scandal totaling more than $600,000 - it's hard not to ask if the tragedies somehow stem from the reckless culture that coaches and administrators have too often indulged. The team rocketed to prominence in the 1980s by showcasing what fans and critics alike called thug-ball, a smash-mouth gridiron style that seemed to reflect the city the Hurricanes played for: Miami in the era of Vice, of violent cocaine cowboys and shamelessly venal politicians. Controversial rap music star Luther Campbell of the Miami group 2 Live Crew...
...polls. However, Rudd has largely defused economic management as an issue. The thrust of his case is that Australia's strong economy is less the result of any judicious handling on the part of the government than of the ongoing minerals boom and watershed reforms undertaken in the 1980s by Labor governments. He's repeatedly cast himself as an economic conservative and tried to prove it by declining to match the government's extravagant spending promises...
...only 0.7% for Germany, 0.5% for the U.K. and 0.3% for the U.S.). The Culture Ministry, with its 11,200 employees, lavishes money on such "high-culture" mainstays as museums, opera houses and theater festivals. But the ministry also appointed a Minister for Rock 'n' Roll in the 1980s to help France compete against the Anglo-Saxons (unsuccessfully). Likewise, parliament in 2005 voted to designate foie gras as a protection-worthy part of the nation's cultural heritage...
...Shaklee was a pioneer of the green movement and had probably the longest-term, most loyal consumers of any consumer product I've seen, but it was a secret to many other people," says Barnett, who acknowledges that although he'd heard of the company back in the 1980s, when it was publicly traded in the U.S. and listed on the Fortune 500, he didn't know exactly what Shaklee made. "But this is a trillion-dollar industry. Shaklee's growth potential was unlimited," he says. "And in the long run, I think it's more fun and rewarding...